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News Stories (19 Results) - CIT Maritime Finance

CIT Group's Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven... Read Story
June 25, 2021, 07:52 AM


CIT Group's Maritime Finance business served as sole lead arranger on a $34.25 million financing for a portfolio of six dry bulk vessels. The financing was arranged on behalf of Globus Maritime Limited, a leading integrated dry bulk shipping operator... Read Story
May 13, 2021, 07:08 AM


CIT Group's Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships.The financing was arranged on behalf of Madison Marine Corp., which is partially refinancing debt on five 4,000-TEU... Read Story
May 11, 2021, 07:22 AM


CIT Group's Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships. The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based value-oriented... Read Story
February 24, 2021, 07:29 AM


CIT Group's Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC. The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client... Read Story
January 19, 2021, 07:00 AM


CIT Group Inc. announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited.The loan is secured by three large container vessels... Read Story
October 02, 2020, 09:00 AM


CIT Group Inc. announced its Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping Ltd. Valloeby, which is owned by a fund managed by a U.S. private equity... Read Story
August 14, 2020, 08:40 AM


CIT Group Inc. announced its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers, which are employed on long-term charters.The financing is part of a transaction... Read Story
January 09, 2020, 09:05 AM


CIT Group Inc. (CIT) announced that its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment.MPC Container Ships... Read Story
April 29, 2019, 09:05 AM


CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions LLC, a shipping company managed by Prime Marine, a leading operator of international shipping... Read Story
September 19, 2018, 08:20 AM


CIT Group announced that CIT Maritime Finance provided a $40 million senior secured credit facility to Valløby Shipping Ltd. to acquire a fleet of chemical tankers. Valløby is a newly established ship-owner backed by a private equity fund. Financing... Read Story
December 08, 2015, 07:19 AM


CIT Group announced that CIT Maritime Finance served as sole lead arranger and administrative agent in a $150 million senior secured credit facility to American Shipping Company ASA (AMSC). The facility will be used to refinance Overseas Martinez and... Read Story
December 01, 2015, 08:34 AM


CIT Group Inc. announced that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. The facility... Read Story
August 21, 2015, 07:44 AM


CIT Group announced that CIT Maritime Finance provided a $32 million senior secured credit facility to Norstar Tankers Ltd. to acquire two long range (LR1) product tankers. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of... Read Story
August 14, 2015, 07:12 AM


CIT Group Inc. announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase of dry bulk carriers in the Handysize and... Read Story
November 20, 2014, 07:31 AM


CIT Group announced that CIT Maritime Finance provided $64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between Prime Tanker Management (Prime) and funds managed by Castlelake, L.P. The facilities support... Read Story
November 04, 2014, 07:14 AM


CIT Group Inc. announced that CIT Maritime Finance provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility supports the purchase of a fleet of... Read Story
April 09, 2014, 07:35 AM


CIT Group announced that CIT Maritime Finance provided a $46.4 million senior secured credit facility to Epic Gas Ltd. (“Epic Gas”). Headquartered in Singapore, Epic Gas owns and operates a fleet of seaborne gas carriers to transport liquefied... Read Story
March 26, 2014, 07:23 AM


CIT Group Inc. announced that CIT Maritime Finance provided a $83.7 million senior secured credit facility to PST Tankers LLC, to finance the acquisition of a fleet of eight product tankers managed by Product Shipping & Trading S.A., a company... Read Story
October 03, 2013, 07:42 AM